You answered your own question. CROSS COLLATERALIZATION.
If the vehicle is owned by someone else (the credit union) then it is not yours to raise finance on.
6% of the purchase price of the vehicle less credit for the trade in. Document fees & warranties are included in the purchase price (they are taxable). Insurance ( credit life/disabilty) is NOT taxable.
For a better chance at getting the vehicle loan, increase your credit after the vehicle loan. Increasing your credit before may reduce the your vehicle loan amount.
No, dealerships do not have to run your credit if you pay cash for a vehicle.
People with bad credit will have more difficulty leasing a vehicle. Different lenders have different criteria for what is good credit and what is bad credit.
no
Debit new assetdebit loss (if any)debit accumulated depreciationCredit cash / bankcredit profit (if any)credit old car trade-in
It takes at least six months to hit your credit report after purchasing a vehicle.
Yes, you can finance a new engine for your vehicle by taking out a loan or using a credit card with available credit.
if i let my vehicle get reposesed will it hurt my credit?
Yes credit score is really important to know when you are trying to finance a vehicle and you can always get credit scores from a number of places like http://www.freecreditscore.com
You can, every credit transfers